Remember TABOR? 2022 The Return of TABOR.

What is happening? Colorado has TABOR, the Taxpayer Bill of Rights. This year TABOR is producing a record breaking $3.65 billion in refunds.

Why does this matter? Under TABOR excess tax revenue above a certain amount is returned to taxpayers by either refund checks and an extension of the temporary decrease in the state’s income tax. The TABOR drum beat picks up in other states in budget surplus years. I see you, Texas.

AXIOS Denver | Colorado taxpayer refunds will nearly double as state revenue surges 

Governing | Spending on Gambling, Health and Tax Measures Breaks Records